Eastern Finland’s Resilience Amid the Russian War: A Call for Cooperation and Realistic Approach

The EU’s assistance is crucial for Eastern Finland

Eastern Finland has been hit hard by the Russian war of aggression, with the complete closure of the Russian border severely impacting the region’s economy. Despite this, companies in Eastern Finland remain filled with desire and faith. However, given the state of Finland’s public finances, a realistic approach is necessary to revive the economy and vitality of the region.

To address this challenge, the Finnish Confederation of Business and Industry (EK) has proposed a list of recommendations. Harry Broman, Chairman of EK, suggests that Eastern Finland be designated as a special economic zone to facilitate growth and development in the region. He emphasizes the need for cooperation between public authorities and business organizations to enable the region to thrive.

The implementation of a special economic zone would focus on accelerating business activities to create a healthy, growing economy that contributes to the national GDP. The recommendations include improving air connections to Eastern Finland, increasing investments in tourism, implementing a broadband program, and providing support for companies experiencing growth, skills shortages, and changes in ownership.

Furthermore, EK calls upon EU’s solidarity to support Russia’s neighboring countries that are facing significant challenges due to crisis. Despite strong determination and optimism among Eastern Finland’s companies, it is essential to take into account financial constraints faced by both economic and security considerations.

In conclusion, collaboration between public authorities and business organizations is crucial for driving growth and sustainability in Eastern Finland. With an open mindset towards cooperation and realistic approach towards developmental needs; we can overcome these challenges together.

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